$BTC $ETH

If you look at the regional Bitcoin flow chart, you will see a rather interesting picture:

Since the beginning of November, all regions - the United States, Europe, and Asia - have been net sellers of Bitcoin, whereas prior to this, the spot flow was mainly focused on buying.

In the past week, we have seen a slight repurchase in the United States and Europe (which corresponds with the V-shaped rebound of Bitcoin), while Asia continues to maintain a high selling volume.

In simple terms: Western capital flows have begun to stabilize, and even started to slightly return, but Asia currently still resembles a seller rather than a buyer.